Australian dollar at the cliff as greenback surges
MacroBusiness Access Subscriber Only Content See the latest Australian dollar analysis here: Australian dollar fell to new lows but held off the worst of it: There are 1993 words left in this subscriber-only article. Metals were mixed: The curve flattened again: Event Wrap US ADP private sector employment in June rose +692k (est. 600k, prior revised to 886k from 978k) with 624k being in services. Pending home sales in May surprised with a gain of 8.0%m/m (est. -1.0%m/m, prior -4.4%m/m). NAR Chief Economist Yun cited the result as the “highest reading for May since 2005”, with gains se...